[ParaSwap](https://www.paraswap.io/) is a DeFi aggregation site combining all the liquidity of decentralised exchanges and lending protocols into one easy-to-digest source.

The site ensures that all data is accessible through a secure interface and comprehensive APIs. It offers some of the best prices in the decentralised finance ecosystem for traders and developers looking to connect their decentralised applications.

The information is laid out in a clear and digestible format and covers everything users need.

The drive behind the project's development is the belief in the future adoption of DeFi participation through the offering of 'secure, intelligent and optimised trading tools' for individuals and corporations. The provision of these tools will allow access to vast pools of liquidity as well as volumes of crucial [market data](/news/article/what-is-a-defi-token).

## The core features of the platform are as follows:

API – Public libraries enable smooth interaction with Dapps and wallets.

Charts – More than 100 protocols across multiple L1 & L2 chains provide up-to-date market information.
Multichain – ParaSwap is available across some of the largest blockchains, including Ethereum, Binance, Avalanche, and Polygon.

Onchain RFQ – On chain 'request for quotes' enable real-time prices from KYC-verified partners.
Yield optimisation – Lending rates across multiple protocols have been optimised to provide the best prices.
Security and audits – The project has been verified via external and independent smart contract auditors.

The ecosystem currently supports seven active blockchains processing 37 billion in total volume. This is achieved through 10 million+ trades across 65+ integrations. Clearly, this platform is on track to realising its grand ambition of providing everyone with access to powerful and open financial tools.

A broad selection of some of the most popular applications, protocols and tools available on the market today are readily accessible, including -

•	MetaMask.

•	Ledger.

•	Aave.

•	Enzyme.

•	Zerion.

•	Argent.

Alongside price data and API feeds, ParaSwap has a mobile application that offers users a full suite of crypto management tools. Interested parties can buy, sell or store their favourite tokens and trade NFTs across multiple networks.

This versatile application features some of the highest security on the market while giving the user total control over their activity by providing them access to their private keys, thus allowing them complete self-custody of their assets.

The project has been developed with institutions and developers in mind. Flexibility over data and price feeds sets ParaSwap apart from its closest competitors. ParaSwap can provide competitive services in the following areas -

Custodians – Token swapping is easy and integrated.

Brokers/Bots – Both slippage and execution costs are minimised with powerful and versatile coded programs.
Lenders – Users have more chances for engagement through the versatile exchange functions.
Market Makers – Liquidity pools allow users to bid for order flow.

Banks – The product is customisable for retail banking needs.

Asset Managers – Exchange services can be added to increase customers' wealth offerings.
The ParaSwap platform has been audited by the likes of Certik, Solidified, and PeckShield. It has the backing of some big names from the worlds of crypto and DeFi, including -

•	CoinGecko.

•	Blockchain Capital.

•	Arrington Capital.

•	Coin Fund.

•	DeFinance Capital.

•	Alliance.

•	Lemniscap.

•	CMS.

•	Cumberland.

The native token of ParaSWap is $PSP which has a circulating supply of 72.8 million and a hard cap of 2 billion coins. With a current price of $0.03, this brings a market cap of $2.3 million, ranking the token number 1100 on the price comparison site [Coinmarketcap.com](https://coinmarketcap.com/currencies/paraswap/).

The token is available from various brokers, but some of the most popular include MEXC, ByBit, Gate.io, and WOO.

## Conclusion

Overall, ParaSwap offers a comprehensive suite of products and features for the modern DeFi investor. The platform is well managed and professional in its user interface and levels of data and analytics on offer.

The project prides itself on its 'best prices in DeFi', its ability to refund high gas fees, as well as its innovative P2P NFT trading feature.

This project is an excellent example of a modern DeFi aggregator uniting the liquidity of a wide variety of decentralised exchanges and lending protocols into one easy-to-use, comprehensive, and secure interface and corresponding APIs.


blue image of crypto altcoins with  paraswap triangle logos

ParaSwap - NFT and DEX Middleware for Traders

The Rarity Tool platform is rapidly gaining popularity for helping to rank the scarcity of NFT collections.
Non-fungible tokens, especially digital art, have become one of the hottest topics in the last few years. Stories of art exchanging for thousands, if not millions, of pounds [are not uncommon](/news/article/most-expensive-nft).

But how do you know how rare your recent purchase really is? Were you ripped off? Did you get a fair deal? One of the most common questions asked is, 'how rare is my NFT?'.

## Total score

Scarcity is the most important factor when determining the value of any digital art. Therefore, it is easy to understand the popularity of a website dedicated to determining how each purchase ranks against others.

The [Rarity Tool](https://raritytools.medium.com/introducing-rarity-tools-9b0138e992b3) site is designed to provide an easy-to-understand and practical ranking of individual pieces and collections of digital art based on their rarity.

So how does it work? Each design is assessed on various measures that are customisable for each project. All scores are then added together to give the total scarcity score.

As each designer will value their creations differently, each trait differs from collection to collection. This makes it hard to compare NFTs against each other. However, it does give designers control over the relevance of each piece in their batch, allowing the creators to rank and price items accordingly.

## ’Drill down'

Because each community scores its designs differently, the website customises the ranking for the item by adding 'derived traits' which are deemed unique. For example, a character with matching clothes acquires more points and is therefore ranked above another character wearing random items.

Of course, all pieces created are unique in design, but a great feature of Rarity Tools is that each piece is ranked on a combination of specific factors which provide the scarcity score.

This is a powerful platform that allows the user to filter and 'drill down' into specific characteristics which your NFT or the one you are searching for may have. The site lets you compare against other pieces with the same traits so you can better understand the worth of your purchase.

However, who actually scores each trait isn't exactly clear. The website doesn't explicitly express whether the ranking is individual, centralised, or community-driven, which makes you question the legitimacy of the site.

That said, the Rarity Tool platform is a fun and useful site dedicated to supporting the NFT community and providing the information needed to rate digital purchases.


Pink and purple abstract image with "RT" Rarity tool logo in centre

Rarity Tool - How Rare is My NFT?

The NFT industry has made great strides since the early days of non-fungible tokens. Even though 2022 has been a quiet year for [NFTs](/news/article/nft-art-marketplaces), innovation has not stopped, thanks to Ethereum and other networks like [Solana](https://solana.com/) and [Polygon](https://polygon.technology/) that have taken charge. New genres, like comics, have emerged along with new projects.

One unique idea in the digital art space has been [NFT comics](/news/article/next-disney-nft-drop). These NFTs are not only transforming comics but are also allowing fans to be part of comic creation. [2142 AD](https://www.2142ad.com/) is one major project in this area. It introduces collectable-based comic books run through a DAO.

This article will take a deeper look at these NFT comics and explore how they transform the digital art industry.
What’s the 2142 AD project?

It is a groundbreaking digital collectables project that introduces NFT comics. 2142 AD brings forth the idea of a decentralised storyline in which anyone can participate. It is a decentralised autonomous organisation ([DAO](/news/article/smart-contracts-blockchain)) that allows you to create, mint, and trade comic pieces as NFTs. 

2142 AD is a transmedia storytelling project first introduced in 2021. Behind the project is a highly competent team from Belgrade, Serbia. The co-founder, Dušan Zica, serves as this comic project’s CEO and chief operating officer. 

Å½ica has worked in the video gaming development industry for about seven years and has experience in advertising and copywriting. It is a seven-member team in which all the individuals are affiliated with game development.

The project is based on [Web3](/news/article/what-is-web-3.0-crypto) tech to introduce digitised comics. On top of that, its decentralised story sets the tone for a role-playing tabletop game in a virtual world. This brings a unique feature for both comics as well as NFT collectors.  

## 2142 AD NFT comics

The idea behind this project is to propel novelty in the industry. Currently, the market is saturated with an array of rip-offs of popular collections. That’s why they launched a project with a fresh vision for GameFi NFT comic books. It uses the DAO mechanism, so the collectors enjoy the ownership of these NFTs. 

The collectables of this project can be entire comic book pages, single panels, or complete strips. The genre of the stories its books follow is sci-fi, with major themes in its books being a dystopian future, aggressive capitalism, and an AI takeover.

## Storyline and setting

As its name suggests, its storyline is set in the year 2142, a couple of years after all the [BTCs](/coins/btc) were mined. It depicts a world where large corporations are controlling the world order. There are no signs of decentralisation, and humanity has become a bondslave of virtual reality. 

Moreover, the world economy is in dire crisis because of the completion of Bitcoin mining. Masses are on the brink of poverty, and substance consumption is rising. The Metaverse has snatched people's freedom, driving society towards hopelessness.

Amid this gloominess, a ray of hope appears with the restoration of Satoshi Nakamoto’s wallet. A mysterious figure started using it to buy off large enterprises. This gives the less fortunate class a chance to rebel against the system. Following that, spirits of ancient entheogens awaken, and a few AI factions also side with rebels.  

## Major themes in 2142 AD webcomics

The significant themes comic book lovers will find in these NFTs are:

1.	Dystopian future.

2.	Aggressive capitalism.

3.	Cyberpunk future.

5.	Spiritual awakening.

6.	Sci-fi adventure.

7.	Mythical and urban legends.

## How do NFT comics work?

The platform works as a decentralised autonomous organisation (DAO). It allows digital art collectors to engage in every process of webcomic creation. Everything from the storyline to the [minting of NFTs](/news/article/instagram-nft-minting-and-trading) is based on the members’ votes. That’s why the entire ecosystem is community-driven and focuses on interaction. 

It provides a platform to create, mint, and collect digital art pieces. You will have 21 items for crafting NFT bundles. With these items, you can create comic covers, panels, and entire book pages. You can also organise these pieces to compile an NFT comics issue to uncover the entire plot. 

You can sort a webcomic issue by burning a few pieces and merging them into one. There are blank pages, which you can mint to assemble the story. You can then mint different panels to organise a page. 

Similarly, you can complete an episode by minting the covers. However, each cover, page, and panel is a separate asset with a different value.

## As Above, So Below - The first issue

The first issue in this NFT comics series is “As Above, So Below”. It is currently available on the official website of the project. You can also find these comic panel NFTs on [OpenSea](https://opensea.io/collection/2142-1-as-above-so-below). 
 
The story starts with the events of mythical legends that took place more than three million years ago. It gradually moves towards the ongoing events in the 2142 AD world. It depicts how capitalists use artificial intelligence (AI) to suppress poor people, presenting the sombre image of a society enslaved by technology.  

![nft2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nft2_2d940302a2.png)
 
The story portrays the revival of ancient deities that inspire the common people to fight against greedy corporations. People unite in rebellion against the system, and some AI factions also help humans bring decentralisation.   

Bottom line

Lately, there have been many redundant projects in the non-fungible token market. It has limited creativity and growth of these assets. Therefore, the NFT comics by 2142 AD are a refreshing project in this market. They offer sci-fi genre stories that are not only for webcomics, but pave the way for web series and RPG tabletop games.

On this platform, you contribute to the stories via DAO-based voting. Additionally, it allows you to create, mint, and trade these tokens in one place. Being a comic collector, this project will enable you to assemble entire issues and comic books.



pink comic book scene of man standing up a tree in a jungle

NFT Comics and 2142 AD

NFT farming is based on token staking and liquidity farming concepts, with users staking native tokens to earn an additional yield via an NFT-based reward. Unlike conventional staking, which pays out the reward in the natively staked token, users can obtain much rarer and more distinctive yield-generating assets through NFT farming. Earnable tokens can vary greatly depending on the token being staked, the project's use case, and what the native development teams deem to be the appropriate reward to be made earnable.

NFT farming offers a value-generation event that gives additional value to the end user for projects that do not provide staking or yield generation. The rewards for NFT farming vary, but are primarily divided into collectable and utility-based NFTs.

Collectable NFTs can range from digital art and gaming items to rare and numbered assets, with exclusivity driving aspects of their appeal and value.

The second type of farmable [NFT](/news/category/nft-news) reward is utility-based tokens, which provide exclusive benefits to the asset holder when held. The possibilities for utility-based tokens are nearly limitless. They will continue to grow in complexity and value as more projects learn about the value propositions that NFTs can present to token holders.

## How does it function?

Non-fungible tokens are available on several blockchains, including Ethereum, [Polygon](https://polygon.technology/), and [Binance Smart Chain](/news/article/bnb-price). These digital assets follow certain specific standards and can therefore be used in a variety of applications. An NFT is interoperable as a result. Interoperability is the ability of various systems to communicate with one another, or in this case, the ability of one digital asset to communicate with multiple software applications or [smart contracts](/news/article/smart-contracts-blockchain).

Users will need a cryptocurrency wallet to get started with NFT farming. Metamask is one of the popular wallets for connecting to the Ethereum blockchain, Polygon, or Binance Smart Chain. Depending on the platform, they will require a specific token in that wallet. They must then stake this token in a pool. Users are rewarded based on their share of the total pool.

Staking portals convert compatible tokens into vaults where users can earn rewards. A growing number of staking portals will assist users in staking tokens to farm limited edition NFTs, which can then be sold on marketplaces like [OpenSea](/news/article/haas-f1-opensea-collaboration) or [Rarible](/news/article/rarible-nft-marketplace).

## Gamified NFT farming: Upcoming trend

Gamified yield [farming](/news/article/farming-games-in-metaverse), also known as NFT farming, incorporates a video game layer into the yield farming process. Alien Worlds and Cometh are two products that add a gaming element and a sense of competition to the concept.

Axie Infinity is a more interactive game where players can earn SLP tokens that can then be exchanged for real money or used to make new NFTs.

## Risks involved

NFT farming is a great way to diversify the cryptocurrency portfolio, but it has risks like almost every other aspect of blockchain. 

Composability, one of its most significant advantages, is also a disadvantage. Smart contract bugs add another significant risk. The majority of this technology is still in its early stages of development and the consequences of a system bug would be disastrous for cryptocurrency traders.

## Bottom line

The NFT market is rapidly growing. This emerging trend in the market has given digital asset holders and traders more flexibility in addition to buying and selling their NFTs. They can monetize their digital tokens by earning rewards by converting them into liquid assets.

NFT Farming Explained

Former US President and crypto critic [Donald Trump has launched his own NFT collectible](https://collecttrumpcards.com/) project, and the move has perplexed the crypto community.

Even conservatives and adamant MAGA supporters are baffled. Analyst Eric Wall compared the Trump NFT project to a "SimpDAO".

The word "SimpDAO" was coined after social media sensation Irene Zhao introduced IreneDAO. The NFT project gives 'Simps', or admirers, an opportunity to connect over their love for Trump while also receiving perks like one-on-one dinners and Zoom calls.

## Donald Trump NFT tokens unveiled

On Thursday, the former president made a "major announcement" through his social media platform, [Truth Social](https://truthsocial.com/). He unveiled a collection of 45,000 NFT [trading](/news/article/tradingview-uk-101) cards with artwork that featured himself in various outfits, such as superhero costumes, golf attire, and hunting gear.

He described the NFTs as containing incredible artwork about his life and career and that buying one is an entry to "a very exclusive community".

The [Polygon](/news/article/polygon-bridge-guide)-based NFTs cost $99 per token. Purchasers automatically enter sweepstakes with "thousands of prizes", including one-on-one dinners in Miami, Zoom calls, and rounds of golf with Trump. The tokens can be purchased using [ETH](/news/article/ethereum-price-in-uk) or fiat currency.

## Digital collectibles promotion

The former world leader urged fans to purchase the so-called Trump NFT tokens, which he expressed as "much like a baseball card", for "only" $99 each.

In a brief clip, he said, "America needs a superhero!" while loud music from Marvel World played in the background.
An animated version of the ex-president then appeared, posing in front of Trump Tower before tearing open his formal attire to reveal a muscular chest and a red T-logo bodysuit.

## Fan's reaction to "major announcement"

Critics on social media were amused and shocked by the announcement. Some people thought the ex-president might reveal details of his 2024 presidential election bid or other significant campaign announcements. While Trump's polarising moves are frequently embraced by his supporters, a surprising number of them have not supported him in this case.



pink image of nft motherboard. Donald Trump and USA flag in foreground. 

Trump NFT Collection Raises Eyebrows

You have yet to jump into the world of non-fungible token (NFT) virtual land; this is a beautiful opportunity to cash in on the gold rush. NFTs are like stocks and shares because each token represents something unique.

For example, think of a gaming company releasing special edition NFTs for their products. If you own the NFTs, it acts as some kind of representation for you holding a share in the business and gives you access to real-world benefits! You may now play a whole new level or character that has yet to be released for sale.

## What’s the big deal about virtual land?

Virtual land is becoming a hot topic in the gaming and blockchain space. But what is it all about, and should you care?
[Virtual land is a non-fungible token (NFT)](/news/article/nft-land), meaning each token has one unique attribute. Virtual land can be bought, sold, traded, and rented to other players. The value of virtual land rises and falls based on demand.

So why should you care about this new kind of virtual asset? It’s a new way to play games! NFTs allow you to customize your avatar by buying items or decorating your house with virtual furniture or walls. You could even trade them with other players or buy more expensive ones with real money!

## How does it work?

Virtual land NFTs work through a series of smart contracts. These contracts are a set of rules that govern how people can interact with the virtual land NFT, what they can do with it, and what happens when they try to do something that isn't allowed.

To use the virtual land NFT, you'll need to find someone who has already bought some from the owner and is willing to sell you some. Once you've seen them, you can use the smart contract to transfer ownership of the land from one person to another.

## How do I get some virtual land NFT for myself?

First, go to the website of the company that you want to purchase from. Then, you will see a menu on the screen's left-hand side. Click on "buy" and "select a token type." You will see several different types of tokens available for purchase. You can buy yourself some virtual land NFT by clicking on any of these tokens or clicking on "Buy Now."

Once you have clicked on either option, you will be redirected to another page to choose which type of virtual land NFT you would like to purchase and how much you want to spend (if applicable). Once all this information has been entered into their system successfully, they will email you instructions on receiving your new purchase!

## The business potential of blockchain-based virtual worlds

Blockchain-based virtual worlds can be a powerful tool for social and political change, but they also present [business opportunities](/news/article/jay-z-cryptopunks-nft).

Virtual land has been around for decades; it's used in many games and virtual reality platforms to express ownership and share it with other users. The most common example is Second Life, which introduced the concept of digital land ownership in 2003.

Over the last few years, blockchain technology has enabled new ways to manage digital assets - including virtual land - that are more secure and transparent than ever. This has led to the creation of new tools that allow users to create their digital currencies, buy and sell digital items (such as game characters), or even create entire games that don't require any human input at all.

These innovations have opened up many new possibilities for businesses capitalizing on blockchain-based virtual worlds.

## What’s next for real estate in CryptoWorld?

The real estate industry is entering the world of crypto. The concept of virtual land NFT is exciting for investors and developers. You can buy or sell land without having to leave your home. This is a great way to build a portfolio without the hassle of traveling or driving around.

Many companies offer this service when it comes to [buying real estate with cryptocurrency](https://www.bankrate.com/real-estate/buying-a-house-with-cryptocurrency/). One of the most popular ones is "Buying Real Estate with Bitcoin" (BEWB). The company has been around since 2017 and has helped thousands of people purchase property using its platform. They offer everything from houses to apartments worldwide, so wherever you live, there will be something available for sale on their site!

Another great thing about buying virtual land NFT is how easily it can be done by anyone who wants access to these types of services, regardless of whether they have previous experience!



pink image of 3d virtual house plot with "For Sale" sign

The Virtual Land NFT Rush: Why Not You?

[Invisible Friends](https://invisiblefriends.io/) NFT is a popular collection launched and minted in February 2021 by famous 3D digital artist Markus Magnusson. Each NFT is a unique 3D figure in a collection of 5,000 pieces. The series explores the concept of imaginary friends.

It is one of the first animated NFT series, and its release and immediate success sparked a 3D animated NFT series trend.

The collection was so trendy that KITH, one of the largest global lifestyle brands, collaborated with Markus to create a spinoff series called KITH Friends. This new series was launched in March 2021 and is an ongoing collaborative project between the two artists.

## Utility

NFT holders benefit from the collectible by receiving [airdrops](/news/article/terra-luna-second-airdrop), one-of-a-kind experiences, and membership in their private group. Most notably, the holders will be able to mint an upcoming 3D series called 3D INVISIBLE FRIENDS by prominent artist Nguyen Hunt.

All holders will have access to the whitelist and presale, which means they can purchase the digital [token](/news/article/crypto-coin-vs-token) at a low cost and sell it for a profit. Aside from that, other airdrops of Markus's original artwork are expected in 2023.

## Floor price

Since the start of the [crypto](/news/article/what-is-web-3.0-crypto)-wide bear market in 2022, the Invisible Friends NFTs have been one of the few collections that have maintained relatively strong valuations. The current floor price for the token is 2.4 ETH, or approximately $3,725. This represents a decrease from the project's average floor price of 7.1ETH since its inception.

## Is investing in Invisible Friends a good idea?

In the [crypto market](/news/article/crypto-fear-and-greed-index), Invisible Friends NFT has been one of the most popular and consistent [investments](/news/article/best-exchanges-for-crypto-uk). The series value has held relatively well during the 2022 bear market, indicating a large holder base and interest in the collection.

Long-term holders may be rewarded through airdrops and collaborations with other artists. The latest collaboration with Nguyen Hunt shows that the project is gaining traction among well-known artists.

It is a collection worth considering for your portfolio if you're looking for a comparatively safe and established digital asset investment.



pink iamge of blockchain with invisible friends man in foreground

Invisible Friends NFT: A Guide

Niftify is an e-commerce NFT platform where users can buy, bid, create, sell, and swap NFTs. The platform also allows users to create, launch, and operate compliant NFT stores and marketplaces with no coding required.

Launched in 2021, [Niftify](https://www.niftify.io/) is easy-to-use and highly secure. It supports lots of popular crypto wallets, including its very own custodial wallet, and features plenty of payment options, including the use of credit cards. It currently operates on the Ethereum and Polygon networks with plans to expand to more.

## Niftify features

Several features enable Niftify to stand out;

•	Launchpad: A place where creators, startups, and corporations can find all they need to launch NFT collections. It is also a place where users can support creators.

•	Swap: The feature allows users to exchange NFTs. They can, for example, exchange multiple NFTs for one NFT. They can also add value to a lesser-valued NFT to exchange it with a higher-valued one.

•	Sales tax automation: The feature ensures sales taxes are always properly charged to all users maximizing compliance.

•	[Marketplace](https://marketplace.niftify.io/): A place where users can sell and buy NFTs. It features plenty of NFT collections, including Invisible Friends, Veefriends, and the popular Bored Ape Yacht Club.

## Native token

Niftify has a native utility token called NIFT. It is Ethereum-based (ERC20 token standard) and is used to incentivize actions within the ecosystem. For example, those who hold the tokens receive discounts when paying service fees. They can also be staked.

The tokens have a max supply cap of 200 million coins. There are currently 11,500,769 of them in public circulation.
As of writing, according to [Coinmarketcap](https://coinmarketcap.com/currencies/niftify/), each of the coins is worth $0.00428. They are ranked the 2,283rd largest cryptocurrency, with a live market cap of $49,162.35.

Considering its price, the NIFT token offers a great entry price into the crypto market. However, it is not listed in many crypto exchanges. Some exchanges where it can be bought include Gate.io, BitMart, and MEXC.

Another inconvenience is that the coins can’t be bought directly with fiat. To invest in the cryptocurrency, you'll first have to buy ETH or BTC from a fiat-to-crypto exchange. Then you must move to a crypto-to-crypto exchange that lists NIFT and use your ETH or [BTC](/coins/btc) to buy the coins.

## Niftify Staking

Niftify allows anyone with NIFT tokens to stake them for rewards. The process is, however, not reversible once initiated.

[Staking](/news/article/what-is-staking-crypto) on the platform comes with a lock-up duration. Those who wish to participate in NIFT staking can, however, determine the lock-up duration, which is between 0 to 365 days. Once locked up, there is no way to reverse the process. There is an unstaking period that lasts seven days.

Staking on Niftify is immediate. The rewards vary depending on staking duration, the amount staked, staking pool size, and the stakers’ population.

## PNFTs

Niftify also allows users to buy, sell, and trade PNFTs or physical non-fungible tokens. The tokens represent tangible or physical objects like electronics, vehicles, and furniture.

PNFTs have several benefits, including:

•	Trading speed: they are easy to buy, sell, or trade. Owners don’t have to possess the physical assets to sell them.

•	Liquidity: because they are easy to buy, sell, and trade, they are highly liquid. Anyone can buy and resell them from any corner of the globe.

•	Access to assets: they allow access to assets that could not be accessed and bought online, like vintage vehicles.

## Conclusion

Niftify is an ambitious e-commerce NFT platform that looks to change how people interact with NFTs. The platform offers great features to help with NFTs, NFT stores, and marketplace creation. Its lazy minting feature is a notable feature that helps ease the NFT creation process.

So far, the company behind the platform has entered into some strategic partnerships. These include partnering with acrobatic dunking world champions Dunking Devils to sell NFT-based event tickets in Slovenia. The company also partnered with the Repton Family of schools to launch NFTs for students.


blue image of phone on a laptop with niftify logo overlayed

What is the Niftify Platform?

[Moonray](https://moonray.game/) is a blockchain game that allows you to earn money. It runs on the Cardano blockchain and is similar to other roleplaying games that use collectable cards as NFT.

It supports various game modes, including 4v4 arenas and large-scale battle royale environments. You can also fight against more than 50 other players in their melee battle royale map while exploring Moonray's captivating world.

## Moonray NFT explained

It is a surreal action roleplaying game that runs on PCs and consoles and employs blockchain technology. It runs on the [Cardano](/news/article/cardano-samsung-climate-change) blockchain and recently raised $3.5 million through the sale of collectable non-fungible tokens (NFTs) that will be used to build the project's [metaverse](/news/article/burberry-collection-minecraft-metaverse). 

The game is similar to hack and slash in that most battles will be melee battles with combat weapons such as swords and blades. Secondary weapons, such as guns, are sometimes used. Before the launch, the developers released a mini-game, Journey to Moonray, to showcase innovative algorithms and fluid movements.

The Moonray NFT project has raised eyebrows in the gaming community due to its use of the industry-leading game engine, Unreal Engine.

This blockchain game is built on [Bitcoin](/news/article/bitex-trade-bitcoin) via Stacks. This means that smart contracts with Bitcoin enable the development of applications while benefiting from the credibility and high security of the Bitcoin network.

It has recently moved to the Ethereum [blockchain](/news/article/what-is-blockchain). Its digital security enables the ledger to be more transparent for its users by using blockchain to authenticate transactions. The developers and creators of Moonray have yet to reveal more information about the game in general.

## What's Moonray's unique point?

Moonray stands out from other NFT games because of its distinctive and engaging soundtrack. Moonray chose the Walking With Elephants soundtrack, designed by Ten Walls, a musician well-known for his highly original music.

Players can anticipate that the soundtrack will flawlessly complement its visuals. Modern visual effects and beat-synchronised shaders abound in Moonray. Your adventure of world exploration includes these effects.

You can purchase dynamic shader skins in the game to personalise your character and gain new abilities with them. Moonray NFT is more appealing to gamers because it is fast-paced that relies on critical thinking rather than how quickly you can smash your keyboard.

## Tokenomics and monetisation strategy

As of right now, no official tokens have been released. Republic Crypto has announced that they will be working on the game's tokenomics. As with other NFT and blockchain games, players can expect two tokens: in-game currency and governance.

According to reports, Moonray will support multiple tokens, including their upcoming MNRY token. The [token](/news/article/time-tokens) is intended to improve the in-game functionality and utility.

## Bottom line

Moonray NFT is quite an ambitious project, in contrast to the vast number of blockchain-based games. It departs from the typical perception of NFT games, where the focus is frequently on trading rather than gameplay, and is something real gamers might be interested in.

The developers have already invested much money and time into the game to create a memorable, distinctive universe. They are still working on it because they want it to be a AAA multiplayer project.

There is every reason to believe that Moonray will become a revolutionary product on the market, serving as a bridge between the NFT trade and traditional games.



Moonray NFT: The Gaming Platform

Uniswap exchange [announced](https://uniswap.org/blog/uniswap-nft-aggregator-announcement) on 30 November the launch of the NFT aggregator. The company said that users can now trade NFTs on its protocol.

The [exchange](/news/article/best-exchanges-for-crypto-uk) claims the aggregator is built to provide users with a first-rate experience, including better prices, safer smart contracts, faster indexing, and efficient execution.

According to Uniswap, as part of its launch promotion, it will airdrop roughly 5M USDC to certain historical customers of NFT aggregator Genie, based on a wallet snapshot taken on 15 April, 2022. It will also provide gas rebates to the first 22,000 NFT users. 

## Uniswap NFT aggregator offerings

1.	Better prices and more listings: NFT aggregator will offer better prices by combining multiple marketplace listings into a single interface. [OpenSea](/news/article/haas-f1-opensea-collaboration), X2Y2, Larva Labs, X2Y2, Foundation, LooksRare, Sudoswap, NFT20, and NFTX will all be supported by the exchange.

2.	Even more gas savings: Unlike other NFT aggregators, Uniswap developers said users could save up to 15% on gas costs. ERC20 and NFT swapping are combined into a single swap router. Users can swap multiple tokens and NFTs in a single transaction while saving money on gas fees.

3.	Open source: Uniswap is committed to being trustworthy, open, and transparent. The company applied the same design principles to its aggregator and open sourced the front-end code, making it the first major NFT platform to do so.

## Gas rebate

[Uniswap](/news/article/uniswap-price-prediction-2025) exchange will offer limited gas rebates to its first 22,000 users on their first transaction as part of the launch until 14 December, 2022. It will be redeemable on 16 January, 2023, through the Uniswap app for 12 months.

The first 22,000 unique wallets that buy an NFT during this promotional period will receive a rebate on their first transaction. Partial transactions are eligible for rebates if users successfully purchase some but not all NFTs. Transactions that fail will be ineligible. The gas rebate is limited to 0.01 ETH.

While the aggregator will initially support only [Ethereum](/news/article/why-is-ethereum-going-down) NFTs, the company said more would be added in the future.

However, Uniswap's new aggregator is not the company's first foray into NFTs. The DEX previously launched Unisocks, a limited collection of "phygital" [Ethereum](/news/article/the-merge-ethereum-nft-impact) NFTs that can be "burned" and claimed for an IRL physical pair.


Uniswap Exchange NFT Aggregator

Fidelity Charitable, an autonomous charitable trust, has launched the "Art of Generosity," a unique non-fungible token (NFT) project meant to honour generosity.

[Fidelity Charitable is getting into NFTs](https://abcnews.go.com/Business/wireStory/fidelity-charitable-launches-nft-raffle-amid-crypto-downturn-94100732) despite the crypto winter, which has led to the dissolution of many big crypto and NFT projects in recent months.

Participants in the raffle, which ends today, can win one of the NFTs. Fifty people will also receive $1,000 to donate to a Fidelity donor-advised fund.

Donor-advised funds enable donors to claim a charitable tax credit before donating to an eligible non-profit.
According to Amy Pirozzolo, head of donor engagement for Fidelity Charitable, the promotion is being run to reach a new generation of philanthropists.

## Cryptocurrency donations

Fidelity claimed that donations made in cryptocurrencies to donor-advised funds skyrocketed last year, increasing from $28 million in 2020 to [$331 million](https://www.fidelitycharitable.org/content/dam/fc-public/docs/insights/2022-giving-report.pdf) last year.

Engiven facilitates cryptocurrency donations to non-profits such as Christian ministries. Co-founder and CEO James Lawrence estimates that only 4,000 or 5,000 of the 1.5 million-plus non-profits that are registered with the US IRS (Internal Revenue Service) could receive cryptocurrency donations directly.

He also noted that many people making significant gifts in Bitcoin are the same types of donors that make large donations generally, rather than the younger demographics who are more prone to invest in cryptocurrencies.

According to Robbie Heeger, Endaoment's president and CEO, there is a great opportunity for non-profits to transition from paper checks to cryptocurrency. Heeger further said that the cryptocurrency space is very focused on adopting flywheels and ways to incentivize or encourage traditional economies to migrate into the crypto economy.

## Fidelity Charitable: NFT project 

According to Fidelity, 50,000 different [wallets](/news/article/best-crypto-wallet) potentially show that many people have already registered to create an NFT and could win the money to donate.

The company is covering NFT production costs, including a "gas" fee that covers the creation and registration of the item. It has also stated that it has compensated the artists who created the images.

To claim the NFTs, users must create a cryptocurrency wallet with access to the [Polygon blockchain](/news/article/polygon-nft-drops-2022). The Fidelity Charitable NFTs are hosted on the OpenSea platform.

When participants sign up, they will see the NFT in their wallet, but the art and the winners of the $1,000 tickets will not be revealed until Giving Tuesday (29 November).


Fidelity Charitable NFT Raffle

The Batman Cowl collection debuted on 26 April, highlighting distinctive headpieces that have played a significant role in the 83-year history of the superhero. These NFTs allowed collectors to own a piece of Batman's legacy while participating in the Web3 iteration of DC Comics: DC Universe.

The Bat Cowl NFT launch offered a significant opportunity for Batman and DC fans to interact with their favourite superhero in unexpected ways. The Bat Cowl NFT launch followed the release of The Batman, the biggest blockbuster movie of 2022, with more than $500 million at the worldwide box office and the largest consumer products collection for a Batman movie in more than ten years.

## The Batman Cowl NFT collection

The NFT collection, created in collaboration with Palm NFT studio and Daz 3D, is the first official Batman NFTs to hit the [blockchain](/news/article/how-can-features-of-blockchain-support-sustainability-efforts). 

The collection was released at $300 each. DC Comics had hoped to mint about 200,000 NFTs, but now only about 12,000 are available in the DC Universe store. DC now stands on par with the numerous other 10,000 supply PFPs projects that have achieved commercial success.

Each NFT is unique and comprises 192 materials, 20 backgrounds, three ear mods, and many other features that help determine its rarity level. It is created from more than two billion combinations.

They are, however, not DC Comics' first non-fungible tokens. In 2021, the company unveiled spinning floppy disc NFTs, distributed free to all fans who registered for the DC Fandom event.

## What do Batman NFTs mean for the digital collectables industry?

The release of Bat Cowl NFTs from DC is a significant event, given that Batman (both the character and the franchise) is a significantly potent pop culture phenomenon. 

The Bat Cowl's release, as described by Palm Studio's Chief Content Officer Matt Mason in a press release, "represents a watershed moment for NFTs".

The collection is also likely to increase the interaction between comic book fans, artists, and NFTs. This is because the entry of a superhero like Batman into the [NFT](/news/article/blue-chip-nfts) space is a strong indicator of the growing influence and acceptance of NFTs in the mainstream media.

Even before legacy IP started to appear on the blockchain, projects like [PUNKS Comic](https://punkscomic.com/) and the [HUXLEY Saga](https://huxleysaga.com/) showed how interested Web3 communities were in comic-inspired business models. However, The Bat Cowl might be the first well-known superhero brand to pioneer the market.

## Batman Cowl roadmap

DC claims the collection will eventually consist of much more than just a handful of digital collectables. 
The company intends to incorporate NFTs into future DC comics stories and, as stated in a [press release](https://www.dc.com/blog/2022/03/29/the-bat-cowl-collection-one-epic-drop) accompanying the initial Bat Cowl release, aims to:

"expand utility for Bat Cowl holders every 52 days in areas such as augmented reality, metaverse integration, and expanded wallet capabilities"

Furthermore, these NFTs will give fans access to the brand's fan forum. Fans can explore physical collectables, behind-the-scenes content, merchandise, and selected fan events in this private online space. The company plans to integrate Batman Cowls into the DC metaverse over two years.



The Batman Cowl NFT Collection

[Lazy](/news/article/lazy-monkey-nft) minting is a strategy that is increasingly being used in NFT contracts. It helps in reducing high gas fees on Ethereum.

The process of converting a digital item into a crypto-collectable or non-fungible token on a blockchain is known as minting. It is the process of uploading a particular item and allocating it to a unique token on the blockchain. The digital item is kept in a decentralised database, or distributed ledger, and cannot be edited, modified, or deleted.

## What is lazy minting?

Lazy minting allows NFT artists to sign "minting authorisations", enabling users to mint NFTs later. These mint authorisation signatures are free to create and ensure that no NFTs are minted without prior approval.

It is a method of deferring minting until the non-fungible token is about to be sold. Buyers pay the fee after their NFT has been sold, making digital asset creation more affordable and equitable for creators. 

It is now available on major NFT platforms such as [OpenSea](/news/article/nft-hackers-passports) and [Rarible](https://rarible.com/).

## What is the significance of lazy minting?

It is vital because it allows artists to save money when minting, which is a significant concern when gas prices for [Ethereum](https://ethereum.org/en/) transactions are high.

When the Ethereum blockchain is overcrowded, the gas price can skyrocket. This forces artists to pay large sums of ETH to list their work for sale on digital asset marketplaces.

During hyped NFT launches, bull markets, and market-related headlines where many people try to conduct on-chain transactions, the cost to mint an NFT can become relatively high.

## How does it function?

The creation of off-chain NFTs is used in lazy minting. This implies that until an NFT is purchased, it is not officially on the blockchain. Once the digital item is bought, it is minted on-chain and the buyer is responsible for paying the gas costs to mint the NFT.

It can be broken down into three general steps:

1.	A smart contract is used by the creator to mint an NFT. On behalf of the seller, this contract will mint and sell the NFT.

2.	To approve the lazy procedure, the seller offers a private signature containing a wallet and token information (such as the token ID, price, etc.).

3.	The buyer buys the token and pays a price that includes the NFT and the cost of minting it. After that, the NFT is added to the chain and delivered to the buyer's wallet.

## What advantages does it offer?

It offers several advantages, including:

1.	Reducing the impact of gas fees: By moving the payment of the gas fee to mint NFTs after the sale, sellers can include the fee in their pricing models, reducing the deterrent effect of the high costs on budding artists.

2.	Lowering the entry barrier: One of the chief advantages is the removal of high gas costs required to mint an NFT, lowering the entry barrier and making the process more accessible to developers and artists.

3.	Boosts liquidity: It promotes liquidity because NFTs can only be transferred after being sold. As a result, buyers won't have to wait an eternity for their NFT to be transferred, and sellers won't end up with a stockpile of newly minted, unsold NFTs.

## Bottom line

[Lazy](/news/article/lazy-lions-nft) minting is a thriving trend in the market for non-fungible digital assets, with numerous advantages for artists and developers. It removes the initial cost of minting NFTs, making the process more affordable and accessible. 

Furthermore, because only sold NFTs are minted, and unnecessary power-hungry transactions are removed from the blockchain, the benefits aren't limited to artists and developers.



What is Lazy Minting?

The Star Wars NFT collection includes iconic figures from the Star Wars universe. Read more about the featured NFTs of the collection, C-3PO and R2-D2.

Non-fungible tokens, or NFTs, have brought massive digital advancements. Disney NFTs have come a long way since the MoonCats and Rare Pepe NFTs when these digital collectables first came to life as a concept in 2012.

More well-known brands are joining the fray, including Disney, the [NBA](/news/article/stephen-curry-nft), and Coca-Cola. 

## Disney NFTs

Official Disney NFTs are available from a collectables company called Veve. Veve is a premium digital collectables-based marketplace where users can buy, collect, and sell characters from their favourite franchises.

As Disney's official partner, Veve is the only place to get Disney NFTs at the moment. This includes digital tokens from newer Disney Plus properties such as I Am Groot. They have something for everyone, whether you want a [Darth Vader NFT](https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/87832029613577301948440201724316869266320892884719152945259080204900729094145) or a classic version of Pooh and Piglet in gold.

Veve carries the entire catalogue. You can find a Simpsons NFT alongside a Star Wars or Toy Story NFT. New collections are constantly being added, in categories including Disney, Star Wars, and Marvel NFTs.

## Disney Golden Moments 

The Golden Moments collection honours some of the greatest Pixar movie characters from the company's history. The NFT collection includes Star Wars, Lady and the Tramp, Ironman, Homer and Bart, and Elsa.

Each NFT is a digital representation of golden statues featuring fans' favourite characters, courtesy of Veve and Pixar.

The Golden Moments collection will expand as new NFT drops occur throughout the year. The digital collectables are divided into five categories, ranging from common (Star Wars) to ultra-rare (Walt Disney and Mickey Mouse).

## Star Wars NFTs

Star Wars is one of Disney's more well-known corporate brands. The first Veve Star Wars NFT is from the Golden Moments Collection and features C-3PO and R2-D2. Soon after, another NFT appeared with a bounty hunter and one of history's greatest villains.

## R2-D2 NFTs

R2-D2 has a long history of serving Padme Amidala, Anakin, and Luke Skywalker. The versatile astromech droid has persevered through many hardships and has rescued each of his masters as they have fought their way across space.
Disney has created a fantastic digital collectable with the R2-D2 Star Wars NFT. Its rarity is "Uncommon". The drop happened in November 2021, and 8333 NFTs were produced.

During the initial minting, the list price was 60GEMs. However, collectors looking to purchase one today should expect to pay a minimum of 2700 GEMs.

## C-3PO NFTs

Anakin Skywalker created C-3PO as a companion and it was given etiquette and protocol training. The worrywart droid is still involved in intergalactic combat thanks to its ability to understand seven million languages.

The rarity of the C-3PO NFT, which dropped in November 2021,  is 'Common'. In total, 12,333 digital collectables with a 60GEM price tag were produced.

As of this writing, the minimum price to buy a C-3PO NFT is 1250.00 GEMs. 

## Star Wars NFT: Where can you get it?

You must use the Veve app to purchase the Star Wars NFTs. The app is available for both Apple's app store and Google Play for Android phones. After downloading Veve, you must add GEM coins before purchasing NFTs on the Veve market.

All Disney [NFT](/news/article/nft-land) sales are subject to a 6% licensors fee, in addition to the 2.5% fee charged by Veve for all secondary market sales.

## Disney NFTs - future plans

[Disney NFTs](/news/article/next-disney-nft-drop) have only been around since the introduction of the Golden Moments Collection, but it already seems like the company has a strong foothold in the market. They have plans for the Metaverse and have reached a new audience in the cryptocurrency space thanks to their partnership with Veve.

Disney started preparing its strategy for the Metaverse earlier this year as part of the "next generation of storytelling".



Star Wars NFT on Veve

[Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) derivatives are slightly modified versions of the original BAYC Non-Fungible Token (NFT) digital art. The modified NFTs or derivatives have recently gained demand in the digital market. Well, you now know what BAYC derivatives are. But what about the 'Bored Apes' in [Bored Ape Yacht Club](https://boredapeyachtclub.com/#/)?

In simple terms, BAYC is a collection of digital art commonly known as non-fungible tokens (NFT). The art features Ape cartoon profile images generated by a computer algorithm. The BAYC art collection is built on the Ethereum blockchain and launched on 23 April, 2021.

Four friends, Greg Solano, Wylie Aronow, Zeshan Ali, and Kerem Atalay, founded Yuga Labs, the BAYC parent company. According to Aronow, the name 'Ape' is derived from the term 'aping in', used in cryptocurrency, like [Dogecoin](/coins/doge), to mean buying a new NFT or currency after its launch without doing thorough research.

## Why are BAYC derivatives so popular?

Currently, there is increased publicity around NFTs and their derivatives that has attracted millions of buyers keen on making a profit. Also, the fact that one can use their Bored Ape as an avatar on social sites makes these NFTs appealing to many. In addition, [exposure by celebrities](/news/article/stephen-curry-nft), collaboration with big brands, and scarcity have jointly made BAYC derivatives very popular.

## Are the derivatives valuable?

More often than not, original NFT collections are out of bounds to many traders who fail to get on board early on. This drives traders and creators to make their most desired and popular NFT collections derivatives. By doing so, they also enjoy the hype around the original collections and make huge sales after minting them. However, this approach is not sustainable, and many derivatives do not last long.

Currently, the price floor of a Bored Ape is $86,788, equivalent to 57.75 ETH, and still one of the best and most popular NFTs in the market. This basically gives these derivatives an upper hand when it comes to value. 

Although many are still speculating on cryptocurrency's value [stability and Anti-Money Laundering (AML) security measures](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334), things don’t look like they are changing any time soon.



BAYC Derivatives Explored

Boryoku DragonZ is a promising addition to Solana’s NFT library, but is the collection worth investing in?

![dragonz (asia crypto today).jpg](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/dragonz_asia_crypto_today_81e9dcac4d.jpg)
  
Image Source: [Asia Crypto Today](https://www.asiacryptotoday.com/boryoku-dragonz/)

There are countless NFT collections and projects out there that have flooded the [blockchain](/articles/learn-moni/what-is-blockchain) industry. But, just a handful make it to the big stage. Lately, Solana has been claiming many of the top spots. One such project that's gradually rising through the ranks is [Boryoku DragonZ NFT](https://boryokudragonz.io/). We'll take a look at what the project is and whether or not it has any earning possibilities for users. So, without further ado, let's get into it.

## What is Boryoku DragonZ NFT?

Well, the name itself is pretty self-explanatory, with the project being an NFT collection of various animated dragons. The design theme is easily the first thing you’ll notice about the collection. The retro-style makes the entire series feel like a standout from Solana's vast NFT project library.

Moreover, the project can be considered mostly an investment opportunity. There's no application, game, or any other piece of utility tied to the NFTs. The main idea behind the Boryoku DragonZ NFT is to collect the NFTs, breed them together, and hatch new eggs. As you may have guessed, holding these NFTs will reward you with money, paid in the game's own cryptocurrency, $BOKU.

## How much can I earn from Boryoku DragonZ NFT?

As per the official numbers from the developers, a common DragonZ NFT will pay its holder seven $BOKU per day. Considering its [current price in $USD](https://coinmarketcap.com/currencies/boku/), that translates to around $0.35. So, owning one dragon for an entire month could bag you about $10.    

Now, this doesn’t seem too bad of an investment, as you can easily find DragonZ for less than $10 on [Magic Eden](https://magiceden.io/marketplace/boryoku_dragonz). If you purchase multiple of them and HODL for a few months, it could likely turn out to be a profitable investment.

However, in the crypto space, nothing is guaranteed. The price of $BOKU could very well drop - or it could spike up too. Ensure you do your own research, and only invest if you're sure about what you're doing.


Boryoku DragonZ NFT: A Good Investment? 

Yuga Labs, since its launch in 2021, has become an influential blockchain company that is shaping the Web3 ecosystem. Its service offering has made it popular among non-fungible token (NFT) enthusiasts.

The blockchain company is well known for two of the world's biggest NFT projects - Bored Ape Yacht Club (BAYC) and CryptoPunks. Even though it initially set out to become a global NFT media empire, the company keeps raising the bar. It aims to reduce the limitations in Web3. By building what it calls the "Yugaverse," project owners and creators can interact seamlessly in Web3.

## What are Yuga Labs?

Founded in February 2021 and incorporated in Delaware, United States, Yuga Labs is a blockchain company specializing in creating significant and profitable NFT projects.

The company was founded by two individuals who went by the pseudonyms Gordons Goner and Gargamel. Two engineers, Emperors Tomato Ketchup and Sass, also joined the team.

However, an exclusive by BuzzFeed doxed the real identities behind Gargamel and Gordon Goner. They were revealed to be Greg Solano, a writer, and Wylie Aronow, a former student. The engineers subsequently revealed their names to be Zeshan and Kerem.

While controversies trailed the doxxing, given that anonymity is a major feature of blockchain technology, the founders chose to remain anonymous when the NFT project was launched in April 2021.

Notable among the firms' projects are the BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape kennel Club (BAKC), and CryptoPunks. While BAYC was a pilot project with a unique collection of 10,000 Bored  Ape  NFTs, BAKC and MAYC were launched as spinoff collections in June and August 2021, respectively.

Currently, the company has one of the most dominant NFT projects and is a financially stable company in Web3. [Data from Statista](https://www.statista.com/statistics/1265505/bored-ape-yacht-club-nft-development/) shows that the firm closed 2021 with a sales volume of $ 13,932,950.62.

*Read More About [Dogecoin](/coins/doge)*

### Projects owned by Yuga

Yuga Labs is the backbone behind several blockchain-based NFT projects. These projects include:

•	[The Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) - represents a collection of 10,000 Bored Ape NFTs that have grown to become quite valuable and recognizable profile pictures in the crypto industry. With the collection valued at billions of dollars, it currently has a floor price of $106,955.

•	CryptoPunk- are 24 x 24-pixel images that are generated algorithmically. It was earlier unveiled as a fixed 10,000 set of items in 2017 and subsequently became an inspiration for the ERC-721 standard. In March, Yuga Labs [acquired](https://cointelegraph.com/news/nifty-news-yuga-labs-buys-cryptopunks-1inch-wallet-supports-nfts-and-more) the intellectual property (IP) of CryptoPunks.

•	The Otherside - represents a Metaverse platform with a user- experience that has a non-linear structure. The platform allows players to explore the virtual world in its entirety.

## The future of Yuga Labs

It can’t be denied that NFTs play an important role in the technology industry, both as a means of ownership and investment.

Since its inception, Yuga has shown promising attributes. Its thirst to become the future of the Metaverse shows that the company will keep meeting investors’ expectations.

Despite reports that the US [Securities and Exchange Commission (SEC)](/news/tag/sec) is investigating the company over allegations of unregistered offerings, its projects are interesting and should be watched closely for more developments.
 
 


Yuga Labs Explained

[Fortify](https://fortify-blockchain.com/) NFT boosts the value of your products. It combines blockchain and NFC technology to increase brand trust and engagement.

The platform offers a secure module (NFC crypto chip) that enhances your product by bridging the physical and digital worlds.
All data is stored in an open, [decentralised blockchain](/news/article/dns-servers) network. The platform guarantees transparency and immutability. It offers fully customised mobile applications (Android, iOS) for your customers to interact with your product to strengthen your brand. 

Fortify allows you to: 

1.	Prove your product's authenticity using the NFC crypto chip.
2.	Claim and transfer ownership.
3.	Check on the product's sustainability and provenance, and many other functions.

## Services offered by Fortify 

1.      Genuineness and thriving secondary markets
Artists no longer participate in the secondary market for their works of art because, after a sale, they no longer see the value in doing so. 

Fortify enables a thriving secondary market while returning control to artists. An NFC chip protects each piece of art, and the blockchain is used to track and modify ownership. Every resale generates some profit for the artist.

2.      Trust and participation in the fashion industry
Handbags, shoes, watches, and glasses are a few examples of products plagued by counterfeiting. Furthermore, customer engagement is low. Once purchased, the producer's ability to increase customer interaction with the product or brand is limited.

Fortify alters this by generating a digital twin of each object on the blockchain and encouraging customers to interact with it.

3.      Industrial applications: Track assets as they move through the supply chain
Goods of any kind in industrial processes can be linked to a digital twin on the blockchain using the NFC chip. These goods can be tracked transparently throughout the entire supply chain. 

Costs for identifying, tracking provenance, or obtaining reliable information about previous production steps can be drastically reduced.

4.      Solution for high-end spirits
The counterfeiting of spirits is massive, especially when it comes to high-end products. Fortify's solution for high-end spirits protects bottles of any type from counterfeiting, as demonstrated by a limited edition of 999 bottles of GIN. 

## How can Fortify NFT help your business?

1.      Authenticity 
Fortify’s blockchain-NFC chips embedded in your products serve as an anti-counterfeit solution, protecting your brand.

2.      Customer Engagement
You can use blockchain tokens ([NFT](/news/article/meta-facebook-nft) to prove ownership, purchase and sell goods on the secondary market, collect digital and physical goods, and many other things.

3.      Rarity
You can establish trust by being upfront about the actual number of an item's limited supply.

4.      Supply Chain Transparency
Any asset can be tracked and traced throughout the supply chain using Fortify.

## Bottom line

Have you ever lost track of your product after it was sold in a retail setting? 

Fortify NFT can solve this problem. The application dashboard provides detailed information on customer interaction with your products: When and where was its authenticity established? Is it being resold on the secondary market? Who currently owns the digital and physical assets? All this data is retrieved from NFC chips and the blockchain and displayed in a user-friendly interface.



Fortify NFT Explained

Latest NFT News 

Moni Talks brings you the latest in NFT news, drops and analyses. 

Non-fungible tokens (NFTs) are unique digital assets that cannot be copied or exchanged for another type of digital asset. They are usually in the form of art, music and games.

An NFT allows someone to own a unique digital item. Popular NFT drops include Bored Ape Yacht Club, Disney, Adidas and Hugo Boss.

Latest Moni

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